Add-on Acquisition • Education

Fitch Group Acquires 7city Group

On January 24, 2013, Fitch Group acquired education company 7city Group from Gresham and NatWest Group

Acquisition Context
  • This is Fitch Group’s 1st transaction in the Education sector.
  • This is Fitch Group’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date January 24, 2013
Target 7city Group
Sector Education
Buyer(s) Fitch Group
Sellers(s) Gresham
NatWest Group
Deal Type Add-on Acquisition

Target Company

7city Group

London, United Kingdom
7city Group Ltd. is a global training provider primarily servicing the financial services industry.
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Buyer Overview 1

Buyer

Fitch Group

New York, New York, United States

Category Company
Sector Information Services
DESCRIPTION

Fitch Group is a provider of financial information services. Fitch Group is comprised of: Fitch Ratings, a global provider of credit ratings and research; Fitch Solutions, a provider of credit market data, analytical tools and risk services; Fitch Learning, a provider of learning and development solutions for the global financial services industry; and Business Monitor International, a provider of country risk and industry analysis specializing in emerging and frontier markets.


Deal Context for Buyer #
Overall 2 of 6
Sector: Education 1 of 1
Type: Add-on Acquisition 2 of 6
Country: United Kingdom 1 of 2
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Algorithmics

Toronto, Ontario, Canada

Algorithmics, Inc. is a risk analytics software firm.

Sell $387M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-14 Business Monitor International

London, United Kingdom

Business Monitor International is a leading country risk and industry research firm offering comprehensive and timely coverage of 175 countries and 23 industry verticals. BMI content offers clients highly structured, consistent coverage of every country and industry vertical, applying BMI?s proprietary forecasting, risk rating and assessment methodologies.

Buy -

Seller Profiles 2

SELLER

Gresham

London, United Kingdom

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Gresham LLP is a private equity firm focused on management buyouts across a broad range of industries in the UK. Gresham considers transactions up to GBP100 million with an emphasis on opportunities in business services, support services, consumer products and services, financial services, healthcare/pharmaceuticals, industrial products and energy/environmental. Gresham is based in London with additional offices in Birmingham and Manchester.


Deal Context for Seller #
Overall 16 of 27
Sector: Education 1 of 1
Type: Add-on Acquisition 7 of 10
Country: United Kingdom 16 of 27
Year: 2013 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 IDX

London, United Kingdom

IDX is a provider of digital corporate communications and marketing services to blue-chip institutions globally. IDX was founded in 2000 and is based in London, United Kingdom.

Buy £25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Swift Technical Group

Enfield, United Kingdom

Swift Technical Group Ltd. (Swift Worldwide Resources) is a specialist recruitment provider for the global oil & gas industry.

Sell -
SELLER

NatWest Group

Edinburgh, United Kingdom

Category Company
Founded 1727
Sector Financial Services
Employees59,400
Revenue 14.7B GBP (2024)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.


Deal Context for Seller #
Overall 15 of 19
Sector: Education 1 of 1
Type: Add-on Acquisition 2 of 2
Country: United Kingdom 7 of 9
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 The Priory Group

Leatherhead Surrey, United Kingdom

Founded in 1980, Priory Group is a UK based operator of facilities for the treatment of mental illness, neurological injuries, addictions and eating disorders, and other conditions such as learning and behavior disorders. More than 30,000 patients are treated each year in more than 450 facilities across the country.

Sell £925M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Mountain Warehouse

London, United Kingdom

Mountain Warehouse operates retail stores that offer outdoor clothing, footwear, and accessories for men, women, and kids. Mountain Warehouse was founded in 1997 and is based in London, United Kingdom.

Buy £85M